Crypto loans ripen, with stablecoin leen percentages that stabilize approximately 6-8%. Aave has emerged as the clear leader after overcoming the chaos of 2022.
The Aave Dao is on comfortable land and an Aave protocol is a leader in Defi Lending, announced Marc Zeller, founder of the Aave Chain Initiative. The organization, which represents the importance of the Aave community, was launched in 2023, in the After Math of the Terra (Luna) and FTX -Crash.
Since then, Aave has evolved and has rebuilt its positions. Zeller remembered that at some point the community was convinced that a outcome should be because Defi is dead. Over time, however, the project improved its codebase and became important in the credit activity during the Bull market of 2025.
Aave’s dominance is no longer threatened
According to Zeller, Aave is now well established, based on value locked, turnover, market share and loan volume. The DAO played a role in determining the conditions for loans and the available safes, which led to success during the latest ETH Bull market.
Aave is wearing a record of $ 41.55 billion in value, while generating $ 161 million in annual income, of which more than $ 47 million to holder stimuli. As a result, an Aave contains around $ 299.48, close to its higher range. For now, Aave has to visit his records more than $ 698 again, but the Token has steadily and expanded during the Bullmarkt 2024-2025.
A borrowing spread to a new peak of all time, in which indigenous Gho-Tokens grow their stock into a record of more than 352m. | Source: Defi Lama
Aave now dominates all Defi-Etticals, including the use of bets, borrowing stablecoins against BTC and ETH, and yield-generating collateral carry transactions. Zeller is aware that Aave has taken over where other projects have failed and has tried to protect the platform against liquidations and panic.
The native token, GHO, grew to 352m, based on the positive market performance. GHO is dynamically beaten and destroyed on the basis of Aave’s ability to support the Stablecoin.
In contrast to other Defi projects, Aave limits the number of assets that are held as collateral. The project is also careful with costs and stimuli, expanding its ability to generate predictable profit and prevent threats for liquidity.
In general, Defi has learned his hard lessons from previous liquidation cascades and settled in a more mature state. Zeller noted that Aave Lending settled at around 6-8% after previous rate increases up to more than 16%. From September Aave obtained a yield of 8.13%.
Aave is spreading to selected L2 chains
One of the most important effects of Aave was to stimulate the economies of L2 chains. Zeller remembered that the Berenmarkt from 2023-2024 led to L2 fatigue, where too many chains were created. Aave was launched on more than 26 chains and soon became the leading Defi protocol.
Zeller, however, estimated that not all L2 versions were viable. Currently, approximately 86.6% of the income of an Ethereum Manet activity is made, without bridging or accepting additional transactions. Aave has estimated that about half of the implementations in L2 chains were not viable and has decided to limit exposure to only important strategic networks.
The newest implementation was on Linea, after the token distribution of the chain. Aave managed to attract $ 2B of deposits to his Linea version, given the chain more reliable. Linea recently also succeeded in securing the record value, as a cryptopolitan reported.
